Brookside Energy operational update

Brookside Energy Limited (ASX:BRK) has announced the commencement of commercial production and sales from all four Flames-Maroons Development Plan (FMDP) wells. The early production rates are very encouraging, with significant volumes of oil and gas already sold. The company will continue to report IP24, IP30, and IP90 rates as flow-back operations proceed.

Executive Commentary on FMDP Operations

We are excited to report that all four FMDP wells are now in production and contributing to sales. This milestone marks the successful execution of this ambitious plan and the transition into commercial production and sales. Early production results are very promising, and we look forward to sharing more detailed metrics in the coming weeks. Our ongoing focus is to maximize value for shareholders while delivering sustainable growth across our portfolio.

Summary of FMDP and Outlook

Brookside Energy's Flames-Maroons Development Plan (FMDP) has achieved commercial production and sales from all four wells, with encouraging early production rates. The company anticipates reporting IP24, IP30, and IP90 rates as flow-back operations continue. The FMDP is forecast to produce 715,000 BOE (78% liquids) net to Brookside in its first year of operation, contributing to the company's success for years to come. The company confirms that it is not aware of any new information or data that materially affects the information included in its market announcement dated 17 April 2024 regarding reserves of oil and gas.